Indian Acrylics Limited
BBSE:INDIANACRY5.15
INR
+0.02
(+0.39%)
Indian Acrylics Limited
BSE:INDIANACRY
(Bombay Stock Exchange)
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5.15
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ROIC.AI
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- Indian Acrylics Limited Indian Acrylics Limited (INDIANACRY.BO) manufactures dry spun acrylic fiber, serving as India's largest and most efficient producer in this category with a global presence through exports to Asia, Europe, and the Middle East; its product portfolio includes acrylic staple fiber in regular and high shrink variants, acrylic tow, and acrylic tops produced via tow-to-tops conversion, catering to textile segments such as winter garments like sweaters and shawls, workwear, furnishing fabrics, blankets, carpets, and toys. The company operates a production facility with an annual capacity of 42,000 metric tons for acrylic fiber and 5,400 metric tons for tow-to-tops conversion, located at Village Harkishanpura, Sub-Tehsil Bhawanigarh, District Sangrur, Punjab, India; it maintains a corporate office in Chandigarh and generates captive green power since 2002 for environmental efficiency. Incorporated on February 28, 1986, as a public listed Indian non-government company in the chemicals and chemical products sector (CIN: L24301PB1986PLC006715), it targets domestic textile manufacturers and international buyers with its dog-bone cross-section fiber known for quality and reliability. Recent developments include the re-appointment of Shri Dheeraj Garg as Additional Managing Director for five years effective May 30, 2025, without remuneration, subject to shareholder approval at the 37th Annual General Meeting held on September 27, 2024; re-appointment of Shri Shashi Bhushan Gupta as Independent Director for a second five-year term from November 14, 2024, to November 13, 2029; and appointment of Shri Surinder Singh Virdi as Independent Director for five years from October 1, 2024, to September 30, 2029, alongside ratification of cost auditors and updates to board committees for governance compliance. The company reported standalone revenue from operations of Rs 54,616.29 lakhs for FY2024, reflecting challenges with a net loss of Rs 5,405.09 lakhs, while maintaining active operations and investor compliance under SEBI (LODR) regulations.